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Donald Trump reported that it was open to work with Intel Boss Lip-Bu Tan to explore how the US government could help the company, seeming to soften its position according to which the technological executive should leave its job.
Trump said in an article on Truth Social Monday that Tan would work with the Commerce and Treasury Secretaries to offer “suggestions” in the next week for the way the government can work with Intel because it is its flea manufacturing company.
Trump said he met Intel Managing Director on Monday afternoon with trade secretary Howard Lutnick and Treasury Secretary Scott Bessent after the president called Tan to resign last week, saying that he was “very conflict”.
“The meeting was very interesting,” wrote Trump. “Its success and ascent are an incredible story. Mr. Tan and the members of my cabinet will spend time together and bring me suggestions in next week. ”
The company said that there had been a “frank and constructive discussion on Intel’s commitment to strengthen American technology and the manufacture of leadership”.
Intel added: “We appreciate the solid leadership leaders to advance these critical priorities and we are impatient to work in close collaboration with him and his administration when we remain this great American company.”
The Treasury and Trade services did not immediately respond to requests for comments on concerting discussions.
Intel was one of the main beneficiaries of a Joe Biden era grant program aimed at strengthening the manufacture of American fleas. However, financial misfortunes resulting from enormous losses in its foundry activity and failure to draw the advantages of a wave of investment in artificial intelligence infrastructure have left the future of the company in doubt.
Last month, Tan warned that Intel could withdraw from the manufacture of the most advanced fleas if it is unable to win major customers for its latest manufacturing process of 14A.
Its withdrawal would send shock waves in the world semiconductor industry and leave the United States without a national alternative to the Taiwan Semiconductor Manufacturing Company-a blow to the efforts of the White House to the manufacture of advanced fleas on the ground.
Tan, who took the bar at Intel in March after the board of directors considerably ousted his predecessor Pat Gelsinger in December, is committed to cost reduction measures in the company, cutting staff and abandoning manufacturing projects in Europe while seeking to consolidate the finances of the company.
Intel shares increased around 2.4% in trade after working hours on Monday, after closing 3.7% before Tan’s visit.
The president’s attack last week intervened after Tom Cotton, head of the Senate Intelligence Committee, wrote to the president of the company expressing his concern concerning the “security and integrity of Intel operations” and Tan’s ties with China.
Tan was a prolific investor in the Chinese start -up ecosystem. From 2008 to 2021, he was CEO of the Software Design Software Cadene. The group last month admitted to having violated the controls of American exports by selling its tools to a Chinese university which had close links with the country’s army during Tan’s mandate as CEO.
After Trump’s attack, the tanning in Malaysia struck “disinformation” spreads over its history, saying that it has lived in the United States for four decades and that it has always worked according to the highest legal and ethical standards.
